NZX-listed distributor Renaissance has reported a 24% increase in before tax profits for the half year ending 30 June 2006. Profit for the period after taxes and minority interest was $2.29 million, a 19% increase on the same period a year earlier. Group revenues were $77.3 million, an increase of 11% on last year’s first half. Managing director Paul Johnston described his company’s performance as a “damn good result and one that probably bucks the current trend for IT companies in New Zealand.” A full report will appear in the August 11 print edition of Reseller News.
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